Democracy is unlikely to break out in Beijing, but the coronavirus crisis may create an opening for a softer form of authoritarianism.
BY RORY TRUEX
Because President Xi Jinping has concentrated more power in his own hands than any Chinese leader since Mao Zedong, many within China and around the world have concluded that he is politically unassailable. But the coronavirus epidemic has come at the worst possible time, laying bare the fundamental weaknesses of Xi’s rule.
China has long recognized the importance of increasing small and medium-size enterprises’ access to finance; now, online banks have found the solution the country needs. This could be a boon not only for growth and innovation, but also for broader financial inclusion – in China and beyond.
Huang Yiping, a former member of the Monetary Policy Committee of the People’s Bank of China, is Professor of Economics and Finance at the National School of Development and Director of the Institute of Digital Finance, Peking University, and a member of the International Monetary Fund’s External Advisory Group on Surveillance
If the US wants to counter Chinese influence in Africa, greater engagement with Nigeria seems like a no-brainer. But, with its decision to include Africa’s largest economy in its expanded long-term travel ban, President Donald Trump’s administration is doing just the opposite.
Cobus van Staden is a senior foreign policy researcher at the South African Institute of International Affairs
The world’s most crucial ties, China-US relations are now coming to a crossroads. The novel coronavirus outbreak has given us a clearer understanding of US strategic direction toward China. Although China is working hard to promote the relationship between the two countries toward healthy and stable development, the recent strategic moves of the US showed that a strong force in the US is pushing the ties toward a hostile path, which is obviously making the future of Sino-US relations more unstable.
By Ai Jun
China hits back after NATO calls it a security challenge, dormant Chinese hacking group resumes attacks, and more.
There is no doubt that China will win the battle against the coronavirus. In the meantime, however, policymakers must take steps to ensure that the economy functions as normally as possible – without compromising efforts to contain the outbreak – and can bounce back quickly once the crisis is over.
Yu Yongding, a former president of the China Society of World Economics and director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences, served on the Monetary Policy Committee of the People’s Bank of China from 2004 to 2006.
In response to the outbreak of novel coronavirus pneumonia (NCP), many countries around the world have expressed their goodwill to help China fight the epidemic.
By Li Yonghui